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| Version 1 | Version 2 |
|---|---|
| Fitch Ratings upgrades Russia’s economic outlook for 2021 | Fitch Ratings upgrades Russia’s economic outlook for 2021 |
| (about 2 months later) | |
| International rating agency Fitch has raised its forecast for Russia’s economic growth this year from 3.3% to 3.7%, saying GDP growth will accelerate to 5.5% in the second half of 2021. | International rating agency Fitch has raised its forecast for Russia’s economic growth this year from 3.3% to 3.7%, saying GDP growth will accelerate to 5.5% in the second half of 2021. |
| According to the agency’s report, the forecast for Russia’s economic growth has been raised “due to the increase in oil production and the recovery in consumption in the country.” | According to the agency’s report, the forecast for Russia’s economic growth has been raised “due to the increase in oil production and the recovery in consumption in the country.” |
| Fitch noted that the forecast reflects its expectations that new business restrictions will not be introduced to combat Covid-19, vaccination will continue, and external demand for Russian goods will increase. | Fitch noted that the forecast reflects its expectations that new business restrictions will not be introduced to combat Covid-19, vaccination will continue, and external demand for Russian goods will increase. |
| The rating agency maintained its forecast for Russia’s GDP growth of 2.7% in 2022 and 2% in 2023. | The rating agency maintained its forecast for Russia’s GDP growth of 2.7% in 2022 and 2% in 2023. |
| According to Fitch analysts, inflation in Russia rose to 6% in May and is expected to drop to 4.2% at the end of 2022, and to a target of 4% at the end of 2023. | According to Fitch analysts, inflation in Russia rose to 6% in May and is expected to drop to 4.2% at the end of 2022, and to a target of 4% at the end of 2023. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |